liooh-liiccpintj. 



\\ ; ARE DEBITED AND WHAT CREDITED FOR THE DIFFERENT 



TRAN THAT PRESENT THEMSELVES IN BUSINESS ; TOGETHER WITH 



FULL DiKKt TIONS FOR CLOSING EACH AND EVERY ACCOUNT IN THB 

 LEDGER AT THE END OF THE YEAR ; ALSO WITH EXPLA- 

 NATION so COMPLETE AND COMPREHENSIVE m 

 THAT NO ONE CAN FAIL TO ACQUIRE, IN 

 A MIORT TIME, A THOROI ;H 

 KNOWLEDGE OF AC- 

 COUNTS. 



1. Book-keeping is the science of recording business transactions in a 

 matic manner. 



2. Book-keeping is of two kinds Single Entry and Double Entry. 



I. Jn Single Entry we make an entry only when a personal account is 

 :ted, at which time we simply charge or credit the person making an 

 entry to only one account hence, single entry. 



4. A personal account is an account with a person, firm or corporation. 



5. An account is a collection of items under one heading in the Ledger. 

 O. In Double. Kntry we make an entry for every business transaction, 



making an entry to two or more accounts, according to the numb 

 accounts atl'i-ctrd l.y tin- transaction. Every time we .lel.it an account for 

 a certain amount, we credit some other account for the same amount 

 li- -IP-. , ,l,,nll>' entry. 



7. A bu>in tetion is an exchange of valu 



*. BOOKS USED, There are two kin-Unf l....oks used in Book-ke.-pin^ 



.\il I I.u!. 

 \y Principal fr-un and u^,- a^ ..ri^inal ho. 



il lunk. 



IO l;\ pouting i n any IK >ok to the Ledger. 



The hooks from wh'n-h we usuall;. .l-mrnal (or Day Book), Ca^h 



in (time and Inv..i.-,- Book. 



II. An origioal 1 k of .-nti-y is one up -n which tin- business tra: 



! 1. The b ikfl used prim-ijally as original ho..k 

 try are ; Blotter, .Journal [oi 



